Post Budget Reaction by Mr. Krishna Raj Sharma, Director & CEO at iValue InfoSolutions

Despite being an election year, it’s good to see Government allocating money where its required – farmers, middle class families, pension scheme for unorganized sector, more allocation to health, education and defense.
Despite missing out on Fiscal deficit target for current as well as next fiscal, the FM took rating agency and investors in to confidence by explaining the need for supporting farmers which was well received as seen by the market reaction.
With GDP growth being upgraded, 0.1% to 0.2% slip of Fiscal deficit should be manageable. Good to see FM recognizing and rewarding honest tax paying middle class citizens with tax exemption up to 5L salary along with higher TDS.
Overall good interim budget sending the right signals. News Service

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